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Industry 4.0 · Quiz 2 · Jan 2023

Industry 4.0 · Quiz 2 · Jan 2023

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Question 2 MSQ · 2.0 marks

Identify the decision theoretic problem(s)
6406531738914.
Order size for an SKU by a store
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Revenue sharing percentage between a store and his supplier
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Negotiation between the labour union and executives of a factory .
6406531738917.
Where to build a new warehouse for a company.

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Question 3 MCQ · 3.0 marks

Select the correct segment of a supply chain from Column B for the movement types in Column A. Note that one-to-one mapping in the table is not necessary.
Source diagram or notation
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a.1:b.1, a.2:b.3, a.3:b.2
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a.1:b.2, a.2:b.2, a.3:b.3
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a.1:b.3, a.2:b.1, a.3:b.2
6406531738921.
a.1:b.2, a.2:b.3, a.3:b.1

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Question 4 MCQ · 3.0 marks

Choose the correct term from the Column B for the description given in Column A. Note that one to-one mapping in the table is not necessary.
Source diagram or notation
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a.1 : b.2, a.2 : b.4, a.3: b.6
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a.1 : b.3, a.2 : b.1, a.3: b.3
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a.1 : b.4, a.2 : b.1, a.3: b.3
6406531738927.
a.1 : b.5, a.2 : b.3, a.3: b.1

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Question 5 MCQ · 3.0 marks

Choose the correct category in Column B for the costs in Column A
Source diagram or notation
6406531738930.
(1):(c), (2):(b), (3):(a)
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(1):(c), (2):(a), (3):(b)
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(1):(b), (2):(a), (3):(c)
6406531738933.
(1):(b), (2):(c), (3):(a)

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Question 6 NAT · 2.0 marks

Ramu purchases a Diwali light at Rs.10 to and earns Rs 20 by selling it in the market. Any light not sold by Diwali will be discounted to Rs. 5. If the demand for Diwali light is normally distributed with mean 10,000 units and standard deviation of 1,000 units answer the given subquestions:
What is the critical ratio

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Question 7 NAT · 2.0 marks

Ramu purchases a Diwali light at Rs.10 to and earns Rs 20 by selling it in the market. Any light not sold by Diwali will be discounted to Rs. 5. If the demand for Diwali light is normally distributed with mean 10,000 units and standard deviation of 1,000 units answer the given subquestions:
What is the optimal order quantity ? (z=0.44)

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Question 8 NAT · 2.0 marks

Ashoke Equipment company estimates its ordering cost at Rs 200 and carrying cost to be Rs. 4/year/unit. The estimated annual requirement is 10,000 units at a unit price of Rs. 10. Based on the above data, answer the given subquestions
What is the economic order quantity (EOQ)?

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Question 9 NAT · 3.0 marks

Ashoke Equipment company estimates its ordering cost at Rs 200 and carrying cost to be Rs. 4/year/unit. The estimated annual requirement is 10,000 units at a unit price of Rs. 10. Based on the above data, answer the given subquestions
While rechecked, Ashoke Equipment company finds that the order cost should have been 20% more than the currently estimated value. What should be the percentage increase in the EOQ in this case? Enter your answer without the ‘%’ symbol. (√120=10.95)

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